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Jul 19, 2011
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has a very big funding problem. this new consumer protection agency is not there yet and as long as the president comes out and fights on the grounds he laid out today, he'll win. >> i want to talk about the work of the agency itself. how much do consumers need this? we're not just talking about credit cards and mortgages and -- we're talking about unfair practices that consumers aren't even aware of. it's inside baseball. not reading the fine print. >> i don't think it's inside baseball, i don't know about you, but the last time i got clarification of credit card terms, a little document, but it was like concertina. i don't have the eyesight to read that level of fine print. >> personally, in the middle of a refi, and the person on the other end, she may have been speaking a foreign language. all of these people don't know the parameters. most people aren't that abreast of it. >> know before you owe is one of the agency's landmark items right now, and a very good initiati initiative, and legitimate, honest people i
has a very big funding problem. this new consumer protection agency is not there yet and as long as the president comes out and fights on the grounds he laid out today, he'll win. >> i want to talk about the work of the agency itself. how much do consumers need this? we're not just talking about credit cards and mortgages and -- we're talking about unfair practices that consumers aren't even aware of. it's inside baseball. not reading the fine print. >> i don't think it's inside...
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Jul 20, 2011
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these cuts are big. they are really big and so it wouldn't be on this scale at all. >> okay. so, jessica listen. time is running out here in the u.s. if we default on the august 2nd deadline, if we don't come up with it to raise the debt ceiling, what realistically can lawmakers pass in this time? not a lot of time left. >> the likely option, the reid/mcconnell plan, being worked out in the u.s. senate right now, it will have to -- it's nobody's ideal option. it's not even necessarily going to please some of these ratings agencies that grade our credit. but it will get the debt ceiling raised and could get done in the amount of time we have left and that seems like the final fallback position for everybody. >> all right. gloria, the final word here. >> well, just to follow up on what jess is saying, i was talking to a senior republican today who described this backup plan as kind of the break glass kit, when have you an emergency, you go and break the glass, you pull it out, and you have something there to put out the fire. and i think they'll have to break the glass. >> glor
these cuts are big. they are really big and so it wouldn't be on this scale at all. >> okay. so, jessica listen. time is running out here in the u.s. if we default on the august 2nd deadline, if we don't come up with it to raise the debt ceiling, what realistically can lawmakers pass in this time? not a lot of time left. >> the likely option, the reid/mcconnell plan, being worked out in the u.s. senate right now, it will have to -- it's nobody's ideal option. it's not even...
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Jul 23, 2011
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he was always striving for a big deal. from the speaker's perspective, the white house at the last minute from their view moved the goal posts. they -- what it sounds like, not only comes to some agreement on a framework, but they were talking real details on some of these proposals, having to do with cuts and spending cuts and medicare and enconstitutitlemen all that. after this agreement that they have come to -- it had reached, they say the white house moved the goal posts. and in their view, speaker bane her to step back, take stock of the situation and really look at the calendar very seriously. as he said had, to do something because the white house's vision was not in line with that of congress. and that's why speaker boehner has now made this very aggressive move saying he's now just working with congress on this. >> jessica, we're running very tight on time tonight. i want to get through a lot fast. is there a sense when you look at the numbers that both sides talk about, even if you take their conflicting version
he was always striving for a big deal. from the speaker's perspective, the white house at the last minute from their view moved the goal posts. they -- what it sounds like, not only comes to some agreement on a framework, but they were talking real details on some of these proposals, having to do with cuts and spending cuts and medicare and enconstitutitlemen all that. after this agreement that they have come to -- it had reached, they say the white house moved the goal posts. and in their...
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Jul 21, 2011
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because they keep talking about doing the big deal. so the public is blaming the white house less and blaming republicans and congress. but that doesn't get anybody anywhere. they still have to figure out a package. we're no closer at this moment. >> are all the problems we had last week, week before, yesterday, four hours ago, we still have all those problems? we're just talking about another maneuver and push it down to road. >> what's fascinating is i continue to hear these outsiders who don't work in washington describe this as washington as it works. there's always a mess in washington and they come together at the end. it's a normal washington process. and i'm talking to a lot of old washington hands who have been here for decades and they are calling this one as abnormal washington process. the difference with this one is that there are these new freshmen in the house of representatives that don't care about getting re-elected. you cannot sweeten this deal. you cannot win them over by adding something to the vote, really. and th
because they keep talking about doing the big deal. so the public is blaming the white house less and blaming republicans and congress. but that doesn't get anybody anywhere. they still have to figure out a package. we're no closer at this moment. >> are all the problems we had last week, week before, yesterday, four hours ago, we still have all those problems? we're just talking about another maneuver and push it down to road. >> what's fascinating is i continue to hear these...
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Jul 14, 2011
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" too big to jail as well. if you take that money from working people and say you're important enough to keep, you who are blue collar work in the factories, you aren't, you're not only gutting your manufacturing base at a time china is ready to pass us, you're also saying to them some citizens are more important than others and i fundamentally reject that. >> let's do real world play acting. you're the president right now, you're facing this holding on the debt ceiling right now, what would you do differently than this president or anybody else to solve this problem? >> first, the hypothetical doesn't work because i didn't go on a two year spending binge when i controlled everything. secondly i control cap and balance the republicans alternative to this and i add we have to have a balanced budget amendment submitted to the states. if you listen to the american public, they're very concerned about this and rightly so. they also never want to be in this position again, i would argue cut cap balance and long term
" too big to jail as well. if you take that money from working people and say you're important enough to keep, you who are blue collar work in the factories, you aren't, you're not only gutting your manufacturing base at a time china is ready to pass us, you're also saying to them some citizens are more important than others and i fundamentally reject that. >> let's do real world play acting. you're the president right now, you're facing this holding on the debt ceiling right now,...
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Jul 8, 2011
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from the country's point of view, if we get a big deal, a big megateal, it will be very, very healthy for the finances. so i think we need to separate out what's good for the country versus what's good for the politics. in terms of the politics of it, i have been very surprised at how much the president is conceding, up front, without getting very much in return. in fact, as far as i can tell, he hasn't gotten anything in return. >> is that good for the country? the truth is, when you have a big "titanic" war like this, you want people to be agreeable, but you also want them to represent their interests, because they're supposed to represent the interests of a lot of people in the country. >> i'm someone who believes that the simpson/bowles commission report was a sound way to go. and they called for cutting $2 of spending for every $1 in tax increases or revenue increases. i thought that was pretty sound. in britain, they did three-for-one in the cameron conservative government. but there was always a one. there was always a revenue increase. i personally think that's the right way t
from the country's point of view, if we get a big deal, a big megateal, it will be very, very healthy for the finances. so i think we need to separate out what's good for the country versus what's good for the politics. in terms of the politics of it, i have been very surprised at how much the president is conceding, up front, without getting very much in return. in fact, as far as i can tell, he hasn't gotten anything in return. >> is that good for the country? the truth is, when you...
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Jul 12, 2011
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i do not think they can get the big mega deal the president is talking about. i think they are going to have a hard time getting a mid sized deal. i think they can come up with a short term, interim package in which it requires some compromise by democrats and republicans. but the president has to compromise too. if the choice is between a default and a short term deal, there's no question he ought to go for the short term deal. >> i'm not sure these guys can figure out how to pay a parking ticket. james, you are the brilliant strategist here. one of my concerns out, and you tell me if i'm crazy. it seems to me like both sides are banking on winning, that they're going to be able to prove to everybody that they really were willing to do something and it was the other side that kept it from going forward, that they're going to win with their base. >> as far as david and senator simpson did a good job. they were calling for one-third in tax increases. what the republicans turned out and the president was talking about something between 20 and 25%. they couldn't e
i do not think they can get the big mega deal the president is talking about. i think they are going to have a hard time getting a mid sized deal. i think they can come up with a short term, interim package in which it requires some compromise by democrats and republicans. but the president has to compromise too. if the choice is between a default and a short term deal, there's no question he ought to go for the short term deal. >> i'm not sure these guys can figure out how to pay a...
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Jul 22, 2011
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and i'm a big space geek. i love that. we'll see you back here tomorrow. "in the arena" starts right now. >>> good evening and welcome. i'm tom foreman. tonight we are getting mixed signals about a possible back room deal on the debt ceiling just hours away from what president obama at least at one point called a deadline for a decision. "the new york times" says president obama and the republican speaker of the house john boehner are close to an agreement. roughly it would involve $3 trillion in cuts and an eventual overhaul of the entire tax system. here's the catch, though. other sources are shooting down the idea that this is even happening as fast and hard as they can. listen to boehner himself earlier today on rush limbaugh's radio show. >> rush, there is no deal. no deal publicly, no deal privately. there is absolutely no deal. >> no deal, no deal, no deal. now, here's the white house spokesman jay carney. >> there is no deal. we are not close to a deal. we are -- obviously, the president is in discussions with all the leaders of congress as well as
and i'm a big space geek. i love that. we'll see you back here tomorrow. "in the arena" starts right now. >>> good evening and welcome. i'm tom foreman. tonight we are getting mixed signals about a possible back room deal on the debt ceiling just hours away from what president obama at least at one point called a deadline for a decision. "the new york times" says president obama and the republican speaker of the house john boehner are close to an agreement. roughly...